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United Airlines Faces Losses Amid Rising Jet Fuel Prices

3/7/2026

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Summary

Kirby Predicts Losses

Scott Kirby, United Airlines Chief Executive Officer, warned that jet fuel prices, up about 15% in the past week amid the war in Iran, will dent United's first-quarter results.
The conflict has caused more than 20,000 flight cancellations and stranded thousands of passengers.
United Airlines shares fell 4.5%, and Kirby projected adjusted earnings per share of 5 to 22 cents, far below earlier forecasts.

History

Historical Context

The Gulf War began on August 2, 1990, when Iraq, led by Saddam Hussein, invaded Kuwait, claiming economic grievances and territorial rights. The ensuing conflict saw a coalition of 42 countries, led by the U.S., launch Operation Desert Storm on January 17, 1991, resulting in a 30% spike in oil prices. Today, ongoing tensions in the region have similarly disrupted oil supplies, causing a 15% rise in jet fuel costs.

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Kirby Predicts Losses

Scott Kirby, United Airlines Chief Executive Officer, warned that jet fuel prices, up about 15% in the past week amid the war in Iran, will dent United's first-quarter results.
The conflict has caused more than 20,000 flight cancellations and stranded thousands of passengers.
United Airlines shares fell 4.5%, and Kirby projected adjusted earnings per share of 5 to 22 cents, far below earlier forecasts.

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